Positive Physicians is a Pennsylvania and New Jersey domiciled, reciprocal [take out recipricol?] insurance exchange licensed by the Pennsylvania and New Jersey Insurance Departments.
What kinds of insurance coverage do insurance exchanges provide?
Coverage is provided on a claims made basis. Prior acts coverage may also be available on a case by case basis.
Is the company recognized by the medical community?
Yes, the company has the endorsement of the Pennsylvania Orthopaedic Society.
Who does Positive Physicians Insurance Exchange Insure?
PPIX works with all Pennsylvania and New Jersey based specialty practices with the exception of Cardiothoracic Surgery, Bariatric and OB/GYN.
How will you benefit by being insured through Positive Physicians?
As a medical malpractice insurance exchange owned by its members, insurance exchanges, like mutuals, offer their members greater input over their liability programs.
PPIX underwriting policies and procedures are based upon a sound understanding of the Pennsylvania and New Jersey insurance marketplace, but also incorporates its medical review board’s expertise in risk profile review and counsel.
What are the goals of Positive Physicians Insurance Exchange?
The mission of Positive Physicians is to:
Provide a stable, long term, physician-driven resource for medical malpractice insurance
Allow its policyholders the peace of mind to grow and develop their practices.
Offer an exceptional level of customer service to each of its policyholders.
What is the management structure of the company?
Positive Physicians was founded by two Orthopedic Surgeons, who are still involved in day to day operations of the company,,In addition, the Medical Review Board is comprised of peers from various specialties, disciplines and geographic regions of the states it represents. Regulatory compliance with the PA and NJ Department of Insurance is handled by Strategic Risk Solutions, Ltd., one of the nation’s premier captive management organizations. Claims and risk services are provided by Gateway Risk Services, an organization that is well known in both Pennsylvania and New Jersey for its ability to act as a third party administrator.
Does PPIX have a reinsurance policy?
Yes, with Lloyd’s of London.
Is PPIX for me?
If you are tired of rising insurance premiums and have had a bad experience with a commercial insurer, our program will benefit you. As a member of PPIX, you are an active participant in our risk management model and see first hand how strong customer service, dedicated teamwork, knowledgeable management and leading experts in medical malpractice can help you avoid risk and control all claims.
